Krugman Debunks Claim That Businesses Pay ‘The Single Highest Tax Rate In The World’

By Igor Volsky on Apr 29, 2012 at 4:34 pm

Nobel Prize winning economist Paul Krugman hit back against the GOP’s claim that American businesses pay the highest corporate taxes in the world during an appearance on ABC’s This Week Sunday morning, lashing out at Mitt Romney’s California campaign co-chair and former Hewlett Packard CEO Carly Fiorina.

Fiorina — who unsuccessfully challenged Sen. Barbara Boxer’s (D-CA) senate seat in 2010 — insisted that “we now have the single highest business tax rate in the world” and claimed that companies are moving jobs overseas to avoid this burden.